Insurance Blog

Running a business comes with costs, which can affect your overall profit. Cutting some of these costs is essential to becoming a more successful business.

Commercial auto insurance is a cost that can be very expensive for business owners. Unlike some other business insurance policies, commercial auto insurance is compulsory if you use vehicles for business. On average, it’s a lot more expensive than personal auto insurance – especially if you have multiple drivers to insure.

Fortunately, there are many ways to reduce this cost. Here are a few methods to lower your commercial auto insurance rates, which could allow you to stay covered without spending a lot of money.

There are some fantastic nonprofit organizations in Montclair, New Jersey and they deserve recognition for the positive work they do in our community. That’s why we’re highlighting eight of our favorite nonprofits and describing what they do to help the citizens of Montclair and how they do it. Find out more about them by reading below or watch our video summary!

If you own a restaurant, bar, brewery, nightclub, event and show venue, or any space that serves or allows the consumption of alcoholic beverages, it’s important that you have a liquor liability insurance coverage.

This will protect your businesses if a patron harms themselves or others, or causes damages because of alcohol overconsumption.

There are two distinct policy types – Host Liquor Liability and Liquor Liability.

Employment Practices Liability Insurance (EPLI)

As a small business or startup owner, you are in a highly vulnerable position when it comes to claims of wrongful termination, discrimination, harassment and lots of other employment-related issues. It is vital that you understand all the problems that can arise in such matters, get the appropriate coverage with employment practices liability insurance, and ensure that you have the practices, policies, and processes in place that protect your business from allegations. In this guide, we’re going to explain everything you need to know – let’s take a closer look.

Business Owner’s Policy

Business insurance can be complicated. From insuring against fire to employee injuries, it seems like the myriad of risks can be too much to shop for when you are shopping for business insurance. Itemizing these risks one by one and getting insurance for them is one way to go. In New Jersey, for example, you could shop for insurance at an insurance agency for one item and go out of a state of another. You can even go national for some insurances like fire and shop local to New Jersey for others like HIPPA insurance. But most people prefer combining their insurance policies into one convenient policy called Business Owner’s Policy.

There’s no denying that this crazy world has the potential to spring a surprise just when you least expect it. So, whether it’s in business or your personal life, it’s always better to be safe than sorry. Gaining suitable insurance coverage is the best way to provide that financial and emotional safety net. Unfortunately, with so many options out there, finding the right solution can prove to be a hugely daunting challenge. That’s where using an insurance agency comes into play.

When someone enters your retail establishment, there is an unspoken expectation that “common duty” has been taken and that they will be reasonably safe, but, despite the most careful procedures, accidents can happen. When it does, however, you need to be prepared. These are the top accidental claims made by patrons.

As a small business retailer, if someone told you that you needed to protect your business, your mind would likely venture to a number of different tasks. You’d think about ensuring you had the right alarm system installed, or whether your insurance would cover you in the event of a natural disaster— these are the essential protections that most retailers are aware that they need.